Thursday, July 15, 2004

A Primer - Part VII

In Closing...

I have enjoyed this opportunity to post some of my thoughts regarding the importance of gold to all Americans but my time is running out and I concede I haven't exerted the effort the topic deserves. I had little notice to adequately prepare and my thoughts were hastily written for which I apologize. The articles were somewhat disjointed and lacked continuity. I'm not a writer, I'm a software engineer.

But I'd like to leave you with one more thought: The Lord admonished the Hebrews to always maintain honest weights and measures. I believe he did this because, in his wisdom, he knew that any system that was based on dishonesty of economic standards was destined to become further corrupted morally and ethically and lead to its eventual downfall.

Fiat currency is the antithesis of honesty.

Today, the Arab world is moving toward commerce and settlement in the Islamic dinar, a gold coin, in there attempt to break away from the U.S. dollar hegemony even as the U.S. demonstrates via Iraq how such efforts will be met. Europe had a chance to do likewise but they decided on just another fiat currency, the euro. Yet these developments bring us ever closer to the possibility of a universal currency.

From the link below...

"For a half-century, the Keynesians have harbored a Dream. They have long dreamed of a world without gold, a world rid of any restrictions upon their desire to spend and spend, inflate and inflate, elect and elect. They have achieved a world where governments and Central Banks are free to inflate without suffering the limits and restrictions of the gold standard. But they still chafe at the fact that, although national governments are free to inflate and print money, they yet find themselves limited by depreciation of their currency. If Italy, for example, issues a great many lira, the lira will depreciate in terms of other currencies, and Italians will find the prices of their imports and of foreign resources skyrocketing.

What the Keynesians have dreamed of, then, is a world with one fiat currency, the issues of that paper currency being generated and controlled by one World Central Bank. What you call the new currency unit doesn't really matter: Keynes called his proposed unit at the Bretton Woods Conference of 1944, the "bancor"; Harry Dexter White, the U.S. Treasury negotiator at that time, called his proposed money the "unita"; and the London Economist has dubbed its suggested new world money the "phoenix." Fiat money by any name smells as sour."

Then consider this quote from one of history's most notorious bankers...

"Give me control of a nation's money and I care not who makes the laws."
Mayer Amschel Bauer (Rothschild)

It may not be a one world government we have to fear, but rather a one world currency.

The good news is that, today, gold is readily available to those interested in purchasing it. I list numerous sources for investment in gold bullion, gold mutual funds, and gold mining stocks at my Gold Page.

In closing, I would like to add this piece of information as illustrated by the last two graphs at the bottom of the page of the previous link.

It shows the value of the gold vs. the value of the dollar since the year 2000. Note that my comment there is that while it appears that the price of gold is going up, actually, it's the purchasing power of the fiat U.S. dollar that is declining...govern yourself accordingly.

I have thoroughly enjoyed this opportunity to share some of my thoughts with you, our viewpoint readers, and sincerely hope you found the topic interesting but the time has come to turn the helm over to who should be returning on or about the 16th.

Thanks for reading...